iShares Core US REIT ETF
USRT

$61.82

0.42%

Market Cap: $2.87B

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

13% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 104

11% more capital invested

Capital invested by funds: $1.48B [Q1] → $1.64B (+$163M) [Q2]

4.22% more ownership

Funds ownership: 63.11% [Q1] → 67.33% (+4.22%) [Q2]

3% less funds holding

Funds holding: 317 [Q1] → 309 (-8) [Q2]

9% less funds holding in top 10

Funds holding in top 10: 11 [Q1] → 10 (-1) [Q2]

22% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 36

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Research analyst outlook

We haven’t received any recent analyst ratings for USRT.

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Financial journalist opinion

The REIT Comeback: Earnings Recap

Over 200 U.S. REITs and homebuilders have reported second-quarter earnings results over the past six weeks, providing critical information on the state of the commercial and residential real estate industry. In this report, we highlight some quick incremental positives and negatives we've observed across each of the major property sectors. Next week, we'll publish our detailed "Winners & Losers" Report. Of the 96 equity REITs that provide full-year FFO guidance, 57 (59%) raised their outlook, while 13 (14%) lowered - well above the historical second-quarter average "raise rate" of 40-45%.

The REIT Comeback: Earnings Recap

USRT: Do Not Ignore The Risk Of Recession

USRT invests in U.S. REITs, historically underperforming in economic recessions and sensitive to rate changes. USRT's fund price has stagnated in the past 3 years, negatively impacted by elevated rates. Anticipated rate cuts may not benefit USRT if driven by a weakening economy, suggesting caution for investors.

USRT: Do Not Ignore The Risk Of Recession

REIT Earnings Halftime Report

We're at the halfway point of another consequential real estate earnings season, with 75 of the roughly 150 equity REITs and 19 of 38 mortgage REITs now having reported results. Amid an otherwise underwhelming earnings season across the broader equity market, REIT earnings results thus far have been materially better than anticipated, providing an added tailwind to rate-related optimism. Of the 65 equity REITs that have provided full-year guidance for Funds from Operations ("FFO"), 44 (68%) have raised their full-year outlook, while just 6 (8%) have lowered their outlook.

REIT Earnings Halftime Report

Why More Rate Cuts May Be Needed To Help Lift REITs

Rate cuts have finally arrived, but why hasn't it benefitted REITs? What's needed to lift the REITs market. Why REITs are still struggling.

Why More Rate Cuts May Be Needed To Help Lift REITs

The State Of REITs: June 2024 Edition

After a rough start to the year, REITs partially bounced back in May with a +2.51% average total return. Small-cap REITs (-0.48%) averaged a negative return in May, but micro caps (+5.09%), large caps (+4.28%) and mid caps (+3.35%) were solidly in the black. 74.03% of REIT securities had a positive total return in May.

The State Of REITs: June 2024 Edition

Why now may be good time to invest in commercial real estate

The commercial real estate market continues to experience volatility as US office values are 25% below their 2022 peak. However, SteelWave Co-Founder, Chairman and CEO Barry DiRaimondo believes this bear market could be a great investment opportunity.

Why now may be good time to invest in commercial real estate

Jobs Data Dilemma

U.S. equity markets posted mixed performance as investors parsed a perplexing slate of employment data, showing clear signs of cooling across essentially all metrics except for the "headline" payrolls print. The BLS reported that the U.S. economy added a robust 272k jobs in May, but prior months were revised substantially lower while the twin Household Survey showed a half-million job losses. The conflicting - and perhaps erroneous - employment data delayed the expected timeline for the Federal Reserve's rate-cutting cycle, while also raising the prospects of a data-driven policy error.

Jobs Data Dilemma

Eyes On The ECB

U.S. equity and bond markets staged a late-week rebound, erasing early-week declines prompted by disappointing Eurozone inflation data, after the crucial PCE inflation gauge posted its smallest increase of 2024. Posting a second week of modest declines following four-straight weekly gains, the S&P 500 finished lower by 0.4% on the week, but still notched its best month since February. Real estate equities also rebounded following steep declines in the prior week as a handful of REITs provided positive business updates ahead of the annual REITweek industry conference.

Eyes On The ECB

Why REIT's Didn't Grow In 2023

REIT FFO/share growth in 2023 was stalled due to increased insurance premiums and property taxes. Property taxes jumped from $170B to almost $200B in 2023, while insurance costs doubled as a percentage of revenue. Higher insurance premiums reduced FFO margins by nearly 100 basis points, impacting FFO/share growth.

Why REIT's Didn't Grow In 2023

USRT: REIT Fans Claim 3 Reasons To Buy - I'm Not Convinced

iShares Core U.S. REIT ETF (USRT) warrants a hold rating due to lack of convincing reasons to buy. REITs have underperformed the market and face challenges in the post-COVID environment including work-from-home policies and an increase in online retail. While the U.S. Federal Reserve may not increase interest rates, a significant reduction back to pre-pandemic levels is unlikely.

USRT: REIT Fans Claim 3 Reasons To Buy - I'm Not Convinced

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